Monday, 26 January 2015
Last updated 2 hours ago
Nov 4 2008 | 9:35am ET
For the second time in as many years, Kohlberg Kravis Roberts is delaying plans to go public. The private equity giant said its plans have been slowed by the Securities and Exchange Commission, which is still reviewing its plan.
KKR will not go public this year as scheduled due to the review process, it said.
Under that proposal, KKR will effectively buy out its European affiliate, KKR Private Equity Investors, which is listed in Amsterdam, with new New York Stock Exchange-listed KKR shares. The deal, announced in July, would value KKR at between $12 billion and $15 billion.
KKR had originally floated a plan to go public last summer, but shelved those plans due to the difficult market conditions at the time, as well as the rocky road faced by the then-newly public Blackstone Group.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…